Guaranteed Installment Loans for Bad Credit

Have your loan applications been rejected based on a bad credit score? You can rely on iPaydayLoans, your best friend, in times of financial need. We will connect you to lenders who can provide you with up to $5k installment loans for bad credit.

Want to borrow more than $5,000? Click here!

Are There Really Guaranteed Installment Loans for Bad Credit?

After a few rejections from lenders and banks, frustration sets in, and leads many borrowers on a journey in search of guaranteed installment loans. Usually, a good number of these borrowers fall into the trap of scammers who promise you 100% guarantees. Do you know what they say about a deal that’s too good to be true? If it’s too good to be true, it probably is not true.

So, don’t fall for 10% guarantee scams.

Usually, the term “guaranteed” is used in the loan and lending niche to mean that the lender has a high approval rate. There are no 100% guarantees. However, for a handful of lenders, you can be sure to get approved if you have a good debt-to-income ratio, make a monthly income of at least $1000, and satisfy the eligibility requirements.

iPaydayLoans can connect you with lenders who have an approval rate of 97%, so your chances of landing a loan are higher.

When Should You Get an Installment Loan for Bad Credit from Direct Lenders?

Loans are quite useful for short-term financing, making large purchases, and financing business ideas and personal needs. Installment loans, in particular, can be used for anything from paying emergency medical bills, credit card debt consolidation, home remodeling, car repairs, and home purchases.

You should get an installment loan for bad credit ahead of alternatives like payday loans if you fear you may struggle with repaying the loan. An installment loan lender puts you on your toes by fixing monthly payments. This monthly payment agreement helps you pay bits of the total loan cost until you complete payment. It’s an easier way to keep up with payments than payday loans.

On the other hand, payday loans are usually repaid as a lump sum on the next payday. Some people with already bad credit can struggle to pay at the agreed time, so they suffer a hit on their credit score and are charged default payment fees simultaneously.

Who Can Qualify for an Installment Loan from Direct Lenders?

Online loans are pretty easy to qualify for, and installment loans from direct lenders are not any different. Your chances of approval are high once you meet the following requirements.

  • Have proof of income. The employment need not to be a corporate one, but there must be proof that you get consistent income from it.
  • You must be a citizen or permanent resident of the US.
  • You must have a government-issued ID.
  • Have an active checking account for paycheck deposits.
  • Must be at least 18 years old.

How Do I Get Approved Easily for Installment Loans With Bad Credit?

We value our customer’s needs and have so designed our application process to be straightforward to follow. Anybody can apply for a loan on iPaydayLoans, even those with bad credit. We are unbiased against credit scores and connect the borrower to bad credit lenders who can provide them with some credit. Here’s how to apply for installment loans with bad credit on iPaydayLoans.

Enter all necessary information on the application form. You will be asked only the basics like your name, contact information, age, and other loan and credit-related information that may aid our lenders to understand your financial position better. Based on this submission, we connect you to a handful of lenders who we are sure to have loan packages for people with bad credit and your particular financial situation.

They will review your application and assess your financial situation to determine if you are fit to take on more debt. However, rather than focus on your credit score and credit history, they pay more attention to your income and your recurring monthly bills to see if you have enough spare cash to pay back the debt. Every lender who approves you for a loan sends you a quote.

The onus is on you to choose a lender. To do this, review the loan amounts, conditions, and repayment schedule on each offer, then sign your most preferred quote. Once that is done, you are guaranteed payment. The deposit may come in as quickly as the following business day. Just make sure the bank account information provided is that of an active checking account.

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Features of Online Installment Loans for Bad Credit You Should Know

Easy application process

Applying for an online installment loan for bad credit is easy as pie. The entire application process can be completed in less than ten minutes. All you have to do is visit the website, and fill out the application form. Everything can be done online and even on your mobile device. No paperwork is needed.

They are usually unsecured

Bad credit puts you at a disadvantage when applying for loans. Most times, you are refused loans by traditional lending institutions. Other times, they need you to provide a co-signer and collateral to get some small cash advances. Online installment loans, unlike these loans, do not need collateral to process. Borrowers can get thousands of dollars even without property as collateral.

Flexible repayment terms

Installment loans have very flexible repayment terms which are decided upon by the lender and borrower. The total cost of the loan can be conveniently and evenly distributed over the loan term. For instance, you can serve all your debts at once before the due date, or pay semi-monthly, quarterly, semi-annually, or annually.

Bad credit accommodated

Online installment loans for bad credit are, in fact, specially designed for people with bad credit. So, people with less-than-perfect credit scores may still get approved for these loans. Bad credit lenders pay more attention to the borrower’s income and debt-to-income ratio than they do to their credit score.

Huge loan amounts

Installments loans usually allow the borrower to take out up to a few thousand dollars. iPaydayLoans has in its extensive network of lenders who can provide loans of up to $5k. It’s recommended that these loans be used for the specific purpose for which they can be employed.

default imgWhy Us
How much can I borrow?$50-$35,000No hidden fees or charges
I have bad credit. Can I apply?YesBad credit is considered
Over how long can I spread the repayments?1-36 monthsFast decisions
Are credit checks involved?YesSoft credit checks only
Chances of getting approvalsGood256-bit encryption protocol
How to apply?Apply onlineEasy application
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Where can I find guaranteed installment loans for bad credit?

Through iPaydayLoans. Although there are no guarantees, we can connect you with lenders within our network who have more than a 97% approval rate. To increase your chances of approval, make sure you meet all the eligibility requirements before applying.

How much I can borrow with installment loans if I have bad credit?

This depends on your state’s lending regulations and the lender. That said, we can connect you with lenders who can credit you with loans up to $5k. If you are more particular about the loan amount above anything else, review the offers you get and settle for the one with the highest loan amount.

When will I receive the money?

Lenders in iPaydayLoans’ extensive lender network quickly make funding decisions and process deposits. Borrowers typically receive their loan deposits as soon as the second business day, just in time to cover their pending payments and emergency expenses.

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iPaydayLoans, Your Financial Prop When In Times of Monetary Need

Although there are no promised guarantees, we feel what you feel and would make your search for an installment loan for bad credit as simple as possible. We are committed to connecting you with lenders who have a 97% approval rate and can help you get a loan if you satisfy the basic requirements.

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iPaydayLoans is a company committed to connecting borrowers to hundreds of reputable online lenders to apply and get small-dollar payday loans quickly, easily, and securely, helping cope with life emergencies like paying medical bills, home, or car repairs, and so on.

Customer Note: A payday loan is traditionally used to help people borrow a small sum of money until the next upcoming payday. It's a short-term solution to cover unexpected expenses when people have no savings or deep pockets. Those who find themselves in a bind with their budget and want to refill it with credits should seek the advice of a professional financial assistant. A borrower also has to peruse local regulations related to a payday loan.

Availability: The service of this platform may not be accessible to people based in restricted states. Please check the local regulations to find out its availability in the area. Rules of this website are subject to change without notifications.

NOT A LENDER Disclosure: iPaydayLoans is not a lender but a broker and does not charge you any fees for our broker services. The lenders or other broker services we introduce to our customers through this website may pay us commissions if customers enter into a credit agreement with them.

Disclaimer: iPaydayLoans is not a lender, does not take applications or make loans or credit decisions. We are not an agent, representative or broker of any lender. We provide a service to connect you to a lender from our network. We do not control and are not responsible for any lender's actions or decisions.